Common use of Administration and Reserves Clause in Contracts

Administration and Reserves. (a) From and after the Distribution Time, the Xxxxxx Oil Group will be responsible for the Claims Administration with respect to claims of the Xxxxxx Oil Group under Shared Policies. (b) From and after the Distribution Time, the Xxxxxx USA Group will be responsible for the Claims Administration with respect to claims of the Xxxxxx USA Group under Shared Policies, and Xxxxxx Oil shall provide appropriate instructions to the applicable insurance brokers under the Shared Policies to facilitate Claims Administration by Xxxxxx USA. Xxxxxx USA shall provide advance notice to Xxxxxx Oil of any such claims. (c) Each party agrees to consider in good faith (but shall have no obligation to accept) any requests by the other party to provide assistance to, and cooperate with, such party or any member of its Group with respect to the Claims Administration referred to in Sections 4.05(a) and 4.05(b). None of the members of either Group and their respective directors, officers, agents and employees shall have any liability, whether direct or indirect, in contract or tort or otherwise, to any Person for or in connection with the provision of such assistance or cooperation. All out-of-pocket expenses incurred by either party or any member of its Group in providing any such assistance or cooperation shall be reimbursed promptly by the other party or any member of its Group.

Administration and Reserves. (a) From and after the Distribution Time, the Xxxxxx Oil Masco Group will be responsible for the Claims Administration with respect to claims of the Xxxxxx Oil Masco Group under Shared Policies. (b) [From and after the Distribution Time, the Xxxxxx USA Spin Co Group will be responsible for the Claims Administration with respect to claims of the Xxxxxx USA Spin Co Group under Shared Policies, and Xxxxxx Oil Masco shall provide appropriate instructions to the applicable insurance brokers under the Shared Policies to facilitate Claims Administration by Xxxxxx USA. Xxxxxx USA Spin Co. Spin Co shall provide advance notice to Xxxxxx Oil Masco of any such claims.] (c) Each party agrees to consider in good faith (but shall have no obligation to accept) any requests by the other party to provide assistance to, and cooperate with, such party or any member of its Group with respect to the Claims Administration referred to in Sections Section 4.05(a) and 4.05(b). None of the members of either Group and their respective directors, officers, agents and employees shall have any liability, whether direct or indirect, in contract or tort or otherwise, to any Person for or in connection with the provision of such assistance or cooperation. All out-of-pocket expenses incurred by either party or any member of its Group in providing any such assistance or cooperation shall be reimbursed promptly by the other party or any member of its Group.

Administration and Reserves. (a) From and after the Distribution Time, the Xxxxxx Mxxxxx Oil Group will be responsible for the Claims Administration with respect to claims of the Xxxxxx Mxxxxx Oil Group under Shared Policies. (b) From and after the Distribution Time, the Xxxxxx Mxxxxx USA Group will be responsible for the Claims Administration with respect to claims of the Xxxxxx Mxxxxx USA Group under Shared Policies, and Xxxxxx Mxxxxx Oil shall provide appropriate instructions to the applicable insurance brokers under the Shared Policies to facilitate Claims Administration by Xxxxxx Mxxxxx USA. Xxxxxx Mxxxxx USA shall provide advance notice to Xxxxxx Mxxxxx Oil of any such claims. (c) Each party agrees to consider in good faith (but shall have no obligation to accept) any requests by the other party to provide assistance to, and cooperate with, such party or any member of its Group with respect to the Claims Administration referred to in Sections 4.05(a) and 4.05(b). None of the members of either Group and their respective directors, officers, agents and employees shall have any liability, whether direct or indirect, in contract or tort or otherwise, to any Person for or in connection with the provision of such assistance or cooperation. All out-of-pocket expenses incurred by either party or any member of its Group in providing any such assistance or cooperation shall be reimbursed promptly by the other party or any member of its Group.